February 3, 2012
France Telecom confirmed Friday the sale of Orange to the Chinese Hutchison 3G Austria, a subsidiary of conglomerate Hutchison Whampoa, continuing its asset sales abroad. The transaction is valued at 1.3 billion euros including debt Orange Austria amounting to around 1.1 billion euros. France Telecom, owner ...
November 25, 2011
Societe Generale said on Friday to give Rhodia (Solvay) its 50% interest in Orbeo, the company dedicated to the carbon markets, equally owned by both groups. Orbeo, based in Paris, was founded in 2006 at par by the bank and the French chemist, in the context of the creation ...
November 18, 2011
The news is unnoticed but it is historical: the Central Bank of China has authorized the Central Bank of Austria to make investments in renminbi. Decryption with François Godement, China specialist and Director for Strategy Asiacentre. The yuan's Bank of China has signed an agreement with the Austrian Central Bank ...
November 10, 2011
HSBC reported Wednesday a fall from higher than expected profits in the third quarter due to sluggish performance of its investment arm and an increase in bad debts in the United States. The first European bank also warned that it could leave the United Kingdom, where its headquarters for ...
November 2, 2011
The surprise announcement of a referendum in Greece on the agreement reached last week in Brussels causes stupor in Europe. George Papandreou, Prime Minister, endangering its political future and the country's membership in the euro area. But also the very existence of the latter. Decryption. Greek Prime Minister George Papandreou ...
October 18, 2011
Moody's is given three months to determine whether his perspective "stable" on "AAA" tricolor is still justified. The rating agency said that financire the financial strength of the French government has weakened. The Minister of Economy and Finance Baroin presented Wednesday, September 28 in Council ministresle of the state budget ...
September 23, 2011
The Greek Finance Minister Evangelos Venizelos spoke to parliament three scenarios to solve the budget crisis, including a default ordered at a discount of 50% for holders of sovereign debt, the Greek press reported Friday. A spokesman for the Greek government has denied reports the newspaper Ta Nea and ...
September 20, 2011
The IMF has revised down its growth forecasts for 2011 and 2012 due to the strong slowdown in developed countries. It does not preclude the possibility of a recession in Europe and the United States. The International Monetary Fund has lowered its growth forecasts Tuesday for the world economy, ...
September 19, 2011
The amount of investment necessary to switch to renewable energy amounts to 25 billion euros per year to the burden on businesses, individuals and the state. A nuclear power plant in Bavaria. The investment bank of the German state, KfW said Monday at 250 billion euros in total investment ...
September 1, 2011
Pernod Ricard, which has published annual results Thursday as expected, shows his optimism and confidence in the progress of its performance despite fears surrounding the evolution of growth in mature markets. The world number two behind Britain's Diageo spirits saw no break in operation since June and anticipates a ...